J.P. Morgan Retains Top Spot as Greenwich Quality Leader in 2021
J.P. Morgan retains its crown as the Asia Quality Leader for cash management in the annual Greenwich Associates Large Corporate Cash Management Study.
The results of the highly anticipated annual study of large corporates across Asia (excluding Australia and New Zealand) on cash management by Greenwich Associates are in, and J.P. Morgan has kept its leading position as the Greenwich Quality Leader for the region for a third year in a row.
This recognition takes into account a broad range of factors including ease of doing business, knowledge of transaction banking needs and international product capabilities; and large corporates in the region have put J.P. Morgan ahead of other banks in the region on this count.
The annual study is one of the most recognized benchmarking studies in the institutional banking space. A total of 1,073 corporates in the region – including multinationals and local companies with revenues of $500 million and above – participated in the study, which was conducted from September 2020 to January 2021 across 13 markets in Asia, evaluating more than 150 banks.
J.P. Morgan also received the Greenwich Excellence awards for the ‘Ease of Doing Business’ and ‘International Product Capability’ categories.
“We are thrilled to receive the awards and recognition, which is a terrific validation of how we are perceived, experienced and ranked by those who matter the most - our clients in the region,” said Sridhar Kanthadai, head of Wholesale Payments for Asia Pacific. “The wins are also testament to our continued efforts at enhancing our capabilities to support our client needs, particularly in the digitization space, and we will continue to invest.”
In the awards covering Asian Large Corporate Banking, J.P. Morgan also retained the Greenwich Quality Leader award for Singapore, and for the first time was recognized as Greenwich Quality Leader for India. The bank was also awarded a Greenwich Excellence award for ‘Knowledge of Transaction Banking Needs’.
“Corporate Banking remains a key pillar of growth for the bank in Asia Pacific, and we are continuing to expand and deepen our relationships with large corporates across the region in the transaction banking and fixed income space. Having invested heavily in product innovation and the quality of our talent, I’m delighted to see great progress in key growth markets like India,” said Oliver Brinkmann, head of Corporate Banking for Asia Pacific.
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